In the consumer segment, Webroot grew at 2.6 times the pace of the worldwide security spending in the consumer security software segment, which according to Gartner's Forecast: Information Security, Worldwide, 2015-2021, 3Q17 Update report published November 2017, is estimated at 1.5 percent CAGR 2016-2021.

In addition to this revenue growth, Webroot's Board of Directors announced in September the appointment of technology industry veteran Mike Potts as Chief Executive Officer and member of the Board. Prior to accepting the post, Potts served as an integration executive in the security business group at Cisco after its 2015 acquisition of Lancope, where he was president and CEO.

Key Q1 2018 Highlights:

Webroot Growth

Webroot added nearly 1,000 managed service providers (MSPs) in Q1 fiscal year 2018, bringing its total of MSP partners to over 10,200. Charity Channel Advisors named Webroot the number one endpoint protection provider to MSPs with 30 percent market share.

The company increased the number of businesses it protects by 30,000 this quarter. In total, Webroot protects more than 240,000 businesses worldwide.

Webroot acquired the assets of Securecast, a security awareness training platform and launched Webroot Security Awareness Training to give MSPs and businesses a solution to reduce the risks and costs of phishing, ransomware, and other cyber threats with end-user education.

Webroot launched its Webroot Certification Program that enables the sales and technical teams at MSPs, VARs, and other distribution partners to better sell and support Webroot SecureAnywhere® Business Endpoint Protection.

The company announced the general availability of its new solution, BrightCloud® Streaming Malware Detection. Webroot drew upon more than ten years of machine learning expertise to create the solution, which identifies more than 90 percent of zero-day, polymorphic, and traditional malware within milliseconds, according to efficacy testing.

This includes a new partnership with Array Networks, Inc., which will integrate BrightCloud® Web Classification service into its application delivery controllers (ADC).

Awards

Webroot won ChannelPro Network's 2017 Readers' Choice Award for Best Endpoint Security. ChannelPro Network's readers are IT consultants, MSPs, and other professionals who serve the IT needs of small- and medium-sized businesses.

Webroot customer service continues to stand out among its peers, having been honored with a Golden Bridge Award for Customer Service Department of the Year in the security software category. The team also won the Best Customer Service category at the SC Awards in February, as well as the Most Customer-Friendly Company of the Year distinction at the Best in Biz Awards in December of 2016.

Mike Potts, President and CEO of Webroot"The first quarter of 2018 saw us continue our track record of strong execution, while we also expanded our addressable market with innovative new products. In particular, our new Webroot Security Awareness Training and extended capabilities in our DNS Protection solution allow us to offer even more value to MSPs and small businesses who already trust us as their number one endpoint security provider. We will continue to build on this layered approach to cybersecurity as the best method to protect against an ever-growing number of threat vectors."